$TAO is currently testing the lower Bollinger Band at 434.27, indicating potential overextension, but with the price down 1.82% over 24 hours, it suggests a possible continuation of bearish sentiment. Support at 417.8 is crucial; a break below could signal further declines. As volatility appears to be contracting, traders should consider setting alerts around key levels. For risk management, a stop-loss can be placed just below 417.8. Recommended action: wait or set alerts for a bounce off support before considering buying.

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